Price for CPO 2005 Boxster S?

[John Y]

Thanks all, please keep the good advice coming.

I have been looking for about 45 days and have been relying on porsche.com, autotrader, cars.com and even e-bay to see what's out there. The websites of a couple of dealers I have experience with as well, just in case their inventory wasn't making it onto those nationwide sites. I just took a look at Cars.com again based on Mike's advice - the one that really jumped out at me was a newly-listed CPO at Hennessy Porsche in ATL where the price is right and the miles OK; unfortunately, the Cocoa interior, lack of Xenons and presence of power seats combine to make it a no-go for me, in that order. There are alot of Autos in that group too so that thins it down, and I do not want a black car as I already lease a black GTI. Yellow's out, too.

I am certainly willing to travel, in fact it would be fun - already checked out a base 07 CPO at porsche of Reno when I was in Tahoe to ski at the beginning of the month, but that car had a slipping clutch, at 9K miles I suppose the complication is that I would need to fly out to drive and decide if it's a car I want to buy; no way I am doing it sight unseen, so there is always the potential for a long trip home empty-handed, or extra half plane ticket, etc. I would like to keep it to within about 500 miles for that reason.

KBB's numbers are the lowest, Edmunds is the middle ground, and NADA Guides says a CPO 05 S with those miles in excellent condition is worth 33.8, which is right there.

Randall, I'd love a 3.4 and had driven a few before I bought my first Boxster, but the prices aren't quite there yet, for the most part, except for a couple of cars with 40 or 50K on them. I could wait another year and I think there would be a number of 07s doable in my sub-$35K sweet spot then, but I don't want to! I am cool with the 3.2's performance anyway - I found the 2.7l 245 hp 07 base model I had to be more than acceptably-powered, once you learn how to get the most out of it.

I am looking at a couple of others as well, including base 06 cars with 10K miles or less that may be doable for sub $30-k, with CPO.

Also, another question: A PPI on a CPO car from a Porsche dealer - really? I never knew that? I thought that was something only done on private sales, or cars from non-Porsche dealers. Good to know...
Finally, can someone point me to a link on how to read/interpret the DME rev-counter printout that I will ask for?

Thanks!

[Boxtaboy]

There was a guy in the PPBB.com forum trying to sell his low mile Seal Grey 05S not long ago. He was asking for $32k. I met the guy years back at a LI Concours event (pic below with his car to the right of mine). It's got a tan full leather interior and has the factory NAV unit. He services it only at the dealer, and is the original owner. Go on PPBB.com and send him a PM. Maybe he still has it for sale. His handle on ppbb is porscheguy.

[John Y]

Thanks for the tip! I sent him a PM...

[Boxtaboy]

No problem. I know he's not had any problems with his car, and no accidents, so I think it would be a nice example if you pick it up. He's just worried about all these stories of IMS failure, even though he's never had any mechanical issues on the car. Good luck!

[gschotland]

KBB trade in "excellent" is $23.7, which probably more than they give for it in trade. Private Party "excellent" is $26.5k. You should certainly be able to get to $27k. This is now a 5 yr old car.

To me CPO isn't worth anywhere near +$3k. The chances of you coming out ahead on that with such low mileage aren't high, but if it gives you that much comfort go for it.

Let us know how you make out.

[tango131]

good luck on your search. I was in similar shoes for the past 3-4 weeks, looking for an 06-07 S for about $35K (btw, according to folks here, the 06-07 are jsut better cars with much better reliability). found just 3 examples that fit my bill in auto trader and cars.com. as of yesterday, they were still there (2 private parties, one dealer) Stats and descriptions as I recall from memory):

private party; new palestine, IN (06 S, silver/black, 8k miles, CPO until March 2013, 19 inch sport design wheels, sport chrono, ~asking $38k, will let go for less). car looked pristine, as new. great guy too, we exchanged a few emails. this was my # 1 choice. send me a PM and I can send you pics and link you guys up by email (I don't know the guy, just offering to help...I know the agony of the search).

another in Nashua, NH: 06 S, red/black, ~20k miles with 20k serivce performed, asking ~$34k. car also looked pristine. great guy too. he had a buyer coming in this weekend, so it might be gone after tomorrow. same comment as above.

another in indianapolis, IN (listed under circlecar.com, but apparently selling for his uncle): 06 S, silver/grey; loaded options, pasm, sport chrono, etc., ~8k mi, ~$34K. Car also looked pristine in pics. Just talked on the phone.

I stopped looking when last night, minutes before the 3/31 offer on new cars expired, I picked up a new 2010 box S silver/black for a deal that I could not pass up. it has 9 miles in the odo. OMG, what a car. I still can't believe it. I'll post pics under a formal introduction once I find my camera. My first porsche...

good luck!

[jcb986]

5 year car is a cash buy. Mine is a one owner 2000 S and I gave $15,700 for it. I have the sticker which had a selling price just under $70K. It's pictured here in my post.

[John Y]

Originally Posted by tango131

good luck on your search. I was in similar shoes for the past 3-4 weeks, looking for an 06-07 S for about $35K (btw, according to folks here, the 06-07 are jsut better cars with much better reliability). found just 3 examples that fit my bill in auto trader and cars.com. as of yesterday, they were still there (2 private parties, one dealer) Stats and descriptions as I recall from memory):


good luck!

Thanks, and congrats on your new one! I had 18, short months that were completely trouble-free on my 07, so I can only hope this one, whichever it ends up being, will be as good. I was looking closely at the red car in NH - very nice, although red isn't high on my list; one of the others is stone grey and I want either sand beige or black, the other has 19s and I would probably have to unload and replace them with 18s right away - 19s are a non-starter for me in NYC, especially on a roadster. I really am leaning towards a CPO car, though; the piece of mind is worth it to me. One exception might have been the Silver 06 S on the same search list you generated, at Weissach Auto Haus in my area. I drove it, and the car is every bit as pristine as it sounds and looks. But he is talking as though he might not be that flexible below 37, and that's only with his 6-month warranty.

[John Y]

Originally Posted by gschotland

KBB trade in "excellent" is $23.7, which probably more than they give for it in trade. Private Party "excellent" is $26.5k. You should certainly be able to get to $27k. This is now a 5 yr old car.

To me CPO isn't worth anywhere near +$3k. The chances of you coming out ahead on that with such low mileage aren't high, but if it gives you that much comfort go for it.

Let us know how you make out.

KBB's CPO value for an 'excellent' 2005 S with the correct mileage (9500) and after adding in the Bose and front side airbags is $32,225, so I'm not sure how you calculated that?

Also, Edmunds is 33K, and NADA guides is 33.8K - would be interesting to know how they respectively collect their data.

I will definitely be posting once I have one again ...will be taking a second look at the S this weekend, as well as a CPO 06 non-S. Seems to me the CPO warranty, if it is about a 3K difference, could pay for itself in one shot considering that this is a Porsche! The piece of mind is certainly worth something to me, even if it isn't 3K. Especially on a car with very low miles, where potential problems may not have manifested or had a chance to develop.